Online registration is only available for Individual and not for Association of Person or Company, before starting online registration, the Taxpayer must have: Read User Guide; A computer, scanner and internet connection; A cell phone with SIM registered against their own CNIC; A personal email address belonging to them; Scanned pdf files of: Certificate of maintenance […]
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Pakistan’s tax system varies compared to other countries in the world. However, some general similarities and differences include: Similarities: Most countries have a tax system that requires individuals and businesses to pay taxes on their income and other taxable sources. Tax laws and regulations are enforced by the government to ensure compliance. Differences: Tax
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Online registration is available only for an individual and not for Association of Person or Company. Before starting online registration, the Taxpayer must have: Read User Guide; A computer, scanner and internet connection; A cell phone with SIM registered against their own CNIC; A personal email address belonging to them; Scanned pdf files of: Certificate of
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What are the requirements for Tax registration An individual needs to ensure that the following information is available before starting e-enrollment. Requirements of e-enrollment for an individual are as follows: CNIC/NICOP/Passport number Cell phone number in use Active e-mail address Nationality Residential address Accounting period In case of business income business name business address Principal
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The Government of Pakistan collects tax through the Federal Board of Revenue (FBR) and these taxes are used to fund government operations, services and infrastructure. There are different types of tax payers who are charged differently based on different variables, types of tax payers are explained below:- Individual Taxpayers: An individual taxpayer is a
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Domestic Taxes, comprising Income Tax, Sales Tax and Federal Excise Duty, constitute about 90% of the Revenue collected by FBR. These taxes are not only similar in essence, but also are interdependent in practice. These are a few taxes collected by the Government of Pakistan, some other taxes collected by the government are explained below:-
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Tax is the amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government. In Pakistan, taxes are collected by the Federal Board of Revenue (FBR) and are used to fund government operations,
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In Pakistan, the income tax rates for individuals are determined based on the amount of income earned and are progressive in nature. The tax year in Pakistan runs from July 1 to June 30. Pakistan source income is defined in section 101 of the Income Tax Ordinance, 2001, which caters for Incomes under different heads
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In order to file an income tax return with the Federal Board of Revenue (FBR) in Pakistan, you will need to follow these steps: Obtain a National Tax Number (NTN) and register for e-Filing if you have not done so already. Gather all the necessary documentation, including your salary slips, bank statements, and any other
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A compulsory contribution to state revenue, levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions. Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and hospital facilities. Benefits/objectives of tax There
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